With the introduction of mobile payments by MTS and SaskTel, customers of these provincial telecommunications companies can now pay with their phone. TD is the first financial institution to offer this service to MTS and SaskTel customers. Five mobile networks now provide Canadians with the ability to pay for purchases with a tap of their mobile device. [Read more…]
Canada’s Rogers Launches Mobile Wallet Service for Android and BlackBerry
Rogers announced today that its suretap wallet will be available to customers in the coming weeks, making it the first mobile wallet from a carrier in Canada. The service will be available on select NFC-enabled smartphones, offering a co-branded virtual Rogers Prepaid MasterCard and gift cards from select national retailers as the first cards available for download. [Read more…]
Telcos to Become Banks as Mobile Payments Rise?
Canadian mobile carrier Rogers has filed to become a bank under Canada’s federal Bank Act, which will allow it to pursue more mobile payment services and a “niche credit card opportunity” for consumers, a Rogers spokesman told CBC.
While it may look odd at first, perhaps banking could be the next stop for carriers. They already handle a lot of payments from consumers and have long-term billing relationships with users. [Read more…]